Very true, I was surprised at this mornings gap up, but then turned like a cut snake.
By the way, I'm currently short on this stock, I hope it'll drop to $8 and possibly lower. But if it doesn't, I (and other cfd traders) will just flip our shorts and then flip it again if it turns.
Doesn't really matter which way it goes. Something I forgot to mention, is that the gap up (pre-market) can be faked to cause smaller fish to FOMO. Pushing it high on open, so the big boys can squeeze that little extra juice while selling/shorting. Remember, preopen auction buyers can pull their orders at anytime. (the same goes for the reverse)
Possibly explains what happened this morning, but with all things trading, can't be 100% certain.
Mind the Gap, page-74
-
- There are more pages in this discussion • 114 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.81 |
Change
-0.015(0.82%) |
Mkt cap ! $2.291B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.83 | $1.72 | $35.46M | 19.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 51278 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 70000 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |